The most commonly used ESG metrics in the metals and mining sector

The metals and mining sector must comply with different industry standards, and ESG reporting continues to be one of  the most important matters, especially for those seeking investment or new partnerships. However, it is a complex space  to navigate through the different metrics and standards as they have not been yet standardized.

Up until 2020, there were several standards in place for reporting ESG and sustainability matters. They included:

• Global Reporting Initiative (GRI) (2000)
• Climate Disclosure Standards Board (CDSB) (2007)
• International Integrated Reporting Committee (IIRC) (2010)
• Sustainability Accounting Standards Board (SASB) (2011)

In this document, Minespider created overview cards that summarize key topics, as expressed in the SASB Metals & Mining Sustainability Accounting Standard, version 2021-12 and the GRI Global Reporting Initiative. These extracts attempt to bring some equivalency in reporting topics. We reviewed the annual reports of 22 large companies to understand if these metrics are currently being used. We hope that this document on the most commonly used ESG metrics in the metals and mining sector will be especially valuable for those who do not know exactly where to start on the road to ESG reporting.

Who is it for

“The most commonly used ESG metrics in the metals and mining sector” paper will be relevant for the metals and mining companies, no matter the size, that haven’t yet determined what standards they would use for reporting their non-financial, environmental, social and governance, data.

Where can we help

Minespider’s cutting-edge technology enables upstream companies to differentiate their raw materials by showing their sustainability efforts, building partnerships and providing necessary data to downstream clients and investors, from due diligence and regulatory data to ESG metrics, through the digital Product Passports. Interested in getting more information about ESG metrics, how to comply with the industry standards and brand your minerals as responsible? The Minespider team is always happy to help you. Learn more here or get in touch with us!